DWS acquires a portfolio of 147 MW in solar assets from X-ELIO in Spain

  • DWS’ European infrastructure investment strategy aims to support Europe achieve its energy transition objectives, enabling European Transformation 
  • X-ELIO reaffirms its position as a reliable partner in the renewable global industry with high class assets

Madrid, 9th April 2024. DWS, a leading asset manager, has reached an agreement with global renewable energy developer X-ELIO to acquire three solar PV plants in Spain on behalf of its European infrastructure investment strategy. This marks additional investments for DWS’s European investment strategy, which allows German retail and institutional investors to invest directly into infrastructure projects.  

The three projects, located in the municipality of Medina de las Torres, Badajoz, started operations mid-2023 which have a total capacity of 147 MW. The three plants will generate an average estimated supply of renewable energy to the equivalent of 91,800 households per year. 

These acquisitions follow DWS’s recent investment in Energiepark Lausitz, one of the largest open-space solar plants in Germany, further contributing to DWS’s commitment to backing energy transition across Europe.

X-ELIO remains committed to its origin key market with a remaining portfolio of 14 GW of pipeline in different stages of advancement and diversified among different regions in the Spanish market.

Peter Brodehser, Partner Investments Infrastructure at DWS, said: “We are very pleased with three further investments for our European infrastructure strategy for German investors. Investments both from institutional and from retail clients are needed to drive change and enable European transformation projects, particularly in the energy sector. Investors in our strategy can participate in infrastructure projects, supporting Europe’s energy transition ambitions as well as receiving a return on their investment. It is a pleasure for us to be able to walk part of this path together with the team at X-ELIO.” 

Nicholas Pentreath, Chief Financial Officer of X-ELIO, stated: ”We take pride in developing high quality sustainable assets and the acknowledgment of international first-in-class partners such as DWS. We are witnessing the enormous potential of Spain to lead the renewable transition in the EU, this being one of our key strategic markets. At X-ELIO we combine the natural wealth of the territory with our striving performance to support this reachable leading role towards a carbon neutral economy.”

About X-ELIO

X-ELIO, a Brookfield-owned company, specializes in the development, construction, financing, and operation of renewable energy projects with a global presence in Spain, Italy, the United States, Latin America, the Middle East, Japan, and Australia. With more than 19 years of experience and 2.8 GW built, this world-leading company is strongly committed to sustainability, the reduction of greenhouse gasses, and the fight against climate change.

For more information, please visit our website at www.X-ELIO.com, our LinkedIn profile at https://www.linkedin.com/company/x-elio, or our X profile at https://twitter.com/X_Elio.

Press Contacts: 

Isabel Ruiz

E: press@x-elio.com

T: +34 696 37 32 29

Javier Garzón

E: javier.garzonm@x-elio.com

T: +34 680 69 20 07